Hut 8 stock price prediction: Downside risk persists amid strong seller momentum

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Hut 8 drops 13.12% to $57.72 today

Highlights

Moody Aldrich Partners LLC reduced its position in Hut 8 stock by 63% during the third quarter, indicating substantial institutional withdrawal.
The decline in major institutional ownership coincides with increased selling activity and contributes to a generally defensive stance on Hut 8 shares.
Hut 8 stock trades below key moving averages and major technical indicators confirm strong selling pressure, with next 2 to 3 day range expected between $52.85 and $62.59.

Institutional cuts drive selling and amplify cautious sentiment

Moody Aldrich Partners LLC cut its stake in Hut 8 by 63% during the third quarter, according to MarketBeat. This significant reduction by an institutional holder signals diminished large-investor participation and may have contributed to increased selling pressure. The shift in institutional ownership adds to an environment of cautious sentiment surrounding the stock.

Bearish momentum as technical signals confirm resistance ceilings

On the technical side, price action remains capped by the MA-20 at $66.36 and the MA-50 at $65.74 on the hourly chart, with the MA-200 on the daily chart set much higher at $82.5. The closest resistance is found at the Ichimoku Kijun level of $64.75. Indicators paint a strongly negative momentum picture: MACD is on a sell signal and ADX reflects weak trend strength, while RSI stands at 30.75 (oversold). Stochastic RSI, CCI, and Bull/Bear Power all highlight the dominance of sellers in the current structure, with the Awesome Oscillator reinforcing a continuation of intraday bearish momentum.

Further downside likely as key support faces renewed risk

Over the next 2–3 trading days, the expected price range is between $52.85 and $62.59, based on typical volatility. Downside scenarios dominate, with little evidence of a short-term reversal. If price breaks below the $52.85 support, further declines may unfold, while any meaningful rebound would require the stock to reclaim resistance at $64.75.

Anton Kharitonov, expert at Traders Union, sees a prevailing negative trend in Hut 8 with both technical and institutional signals skewing bearish. Selling by major holder Moody Aldrich Partners LLC and current price action below key averages fuel downward pressure and cautious sentiment. He believes the lack of any short-term reversal signals justifies a defensive stance. "Until buyers reclaim $64.75, I remain on the sidelines and see further downside risk as dominant."

Earlier, analysts noted that Hut 8 exhibited persistent technical weakness and a bearish structure, with oversold momentum indicators prevailing. The current article strengthens this outlook with evidence of continued heavy selling and reduced institutional participation, underscoring downside risk if support near $52.85 fails over the coming sessions.

Source of Data: HUT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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